Sir. Oyegunle Leave a comment and share Chuks Udo Okonta Participants at the Chartered Insurance Institute of Nigeria (CIIN) 2020 Education Seminar have called for the resuscitation of the Agricultural Insurance Working Group (AIWG) under the auspices of the National Insurance Commission (NAICOM) to involve all industry stakeholders and smallholder […]
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Universal Insurance gives lifeline to policyholders through prompt claims payment
Ujoatuonu Leave a comment and share Chuks Udo Okonta Universal Insurance Plc through swift response to claims settlement is really living up to its pledge in bringing succour to policyholders who suffer loses and this has endeared the underwriting firm to the insuring public. The jubilant claimants, who have had […]
African Alliance Insurance names Joyce Ojemudia as managing director
Joyce Ojemudia Leave a comment and share Chuks Udo Okonta African Alliance Insurance Plc has announced the appointment of Joyce Ojemudia as its Managing Director/CEO following approvals from the National Insurance Commission (NAICOM). A statement by the firm’s Brand, Media and Communications Manager, Bankole Banjo, said Ojemudia is an astute […]
Grassroots policyholders get N615m claims from takaful, micro insurers
Leave a comment and share Chuks Udo Okonta Efforts to carter for people at the grassroots of the nation through insurance mechanism seemed to be gradually yielding fruits as takaful and micro insurance operators settled their claims to the tune of N615 million and generated N2.35 billion premium. According to […]
Insurance sector robust data warehouse coming
Leave a comment and share Chuks Udo Okonta Efforts to build robust data warehouse is in the works by the National Insurance Commission (NAICOM), Inspenonline can report. Information available to this medium revealed that a platform for interconnecting all industry stakeholders to support real time aggregation of data on policies […]
Heirs Insurance, Stanbic IBTC Insurance, others await NAICOM’s verdict
Leave a comment and share Chuks Udo Okonta The National Insurance Commission (NAICOM) is presently developing reports from the pre-licensing inspection conducted on the four firms seeking operational lincences to enable them execute underwriting business, Inspenonline has learnt. Head, Corporate Communications & Market Development, NAICOM, Rasaaq Salami, told Inspenonline that […]
Lloyd’s of London reviews insurance contracts due to COVID-19
By Thyagaraju Adinarayan and Tom Westbrook Lloyd’s of London [SOLYD.UL] is reviewing the way insurance products are designed and sold as it calls for simpler products in response to the coronavirus pandemic, the commercial insurance market said on Monday. Insurers have suffered reputational damage as a result of complex products […]
Allianz seeks strong positions in key African Markets
Allianz CEO Oliver Baete attends a session at the 50th World Economic Forum in Davos, Switzerland, 21 January 2020. REUTERS/Denis Balibouse By Aurélie M’Bida It is a particularly slimmed down insurance heavyweight, German insurer Allianz Africa, that is embarking on a campaign of acquisitions in Africa. After selling its shares […]
NCRIB holds confab on rebuilding institutions post COVID-19
Leave a comment and share Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) been mindful of myriad of challenges confronting Nigeria as a nation, especially the economy due to COVID-19, has resolved to focus its 2020 National Insurance Brokers Conference and Exhibition on how to rebuild devastated […]
Group pushes for speedy passage of insurance consolidated bill
Onyeka (3rd from left) with other executives of Transparent Protection LTD/Gte (TPL) at the event. Leave a comment and share Chuks Udo Okonta The Transparent Protection LTD/Gte (TPL) has called on the 9th National Assembly to ensure a speedy passage of the Insurance Consolidated Bill, 2020, to drive the development […]
